PRESS RELEASE
Issued by: TransDigm Group Incorporated
TransDigm Group Incorporated announced today that it has completed the acquisition of Young & Franklin Inc. and its subsidiaries, including Tactair Fluid Controls Inc. (collectively with Young & Franklin, the "Company").
Located in Liverpool, New York, the Company manufactures proprietary, highly engineered valves and actuators. Revenues are anticipated to be about $75 million for the fiscal year ending December 2016 with aftermarket comprising approximately 70% of the revenue. Nearly 100% of the revenues are from proprietary products and about 70% of the revenue is aerospace related. The balance is sold to the Industrial Gas Turbine (IGT) market.
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TransDigm Group Incorporated | |
Tactair Fluid Controls Inc. | Valves, Electro-hydraulic Servo Valves, Servovalves, Directional Control Valves, Flow Control Valves, Rotary Actuators, Linear Actuators, Servoactuators, Hydraulic & Pneumatic Cylinders, Manifolds & Ducts, Brake System Components, Accumulators, Hydraulic Actuators |
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